Day: June 8, 2023

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Daily Compliance News

Daily Compliance News: June 8, 2023 – The End of Rock and Roll? Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

·       Can risqué music be banned? (WSJ)

·       What will PGA’s sponsors do?  (WSJ)

·       EU eases class action rules. (WSJ)

·       Climate change is real.  (WSJ)

Categories
From Last to First

The John Aceti Story – Episode 6: A School – Business Partnership

What is the measure of a man? What is a life well lived? I have often thought about those questions, and with John Aceti’s help, I had the opportunity to explore them through John’s amazing life. Spry and vibrant at 93, I met John after he had published his 7th book in 92. As I got to know him and his life story, I wanted him to share his amazing and inspiring journey from Niagara Falls in the 1930s to his current life in the Hill Country of Texas. Overcoming a humiliating incident at age 8, John was the first in his family to go to college, served in the Air Force, became a teacher and principal, and retired from his first career. In his second career, he and his wife traveled internationally and ended up in Kerrville, Texas, where John began another career as an author. Join me on this fascinating journey From Last to First with John Aceti.

Do you want to learn about the power of public-private partnerships in education? Tune in to the podcast From Last to First-The John Aceti Story! Host Tom Fox sits down with John Aceti to discuss his experience initiating partnerships between school districts, businesses, and industries. From grabbing the attention of corporate folks during lunch to implementing unique programs for students, John shares his expertise in building successful collaborations. Discover how a 3-hour workshop can align the needs of the school and corporation to benefit both parties.

Join Tom and John on their journey to inspire creative thinking and education reform. Don’t miss this exciting and informative podcast episode!

Key Highlights:

·      Creating School-Business Partnership Program

·      Successful implementation of a school tutoring program and student shadowing

·      Expanding Job Shadowing Program in Schools

·      Implementing a Science Program in Schools with Industrial Site Visits

·      Dealing with unexpected scenarios during meetings

·      Lessons from a Successful Program

Notable Quotes:

“And what a lesson it was for me to sit down with 3 corporate people and 1 educator at lunchtime.”

“I said, how the heck do I get their attention? Is that right now I’m not getting any attention?”

“I said minimum 10000 dollars, and they all went what? Are you kidding me? I said yes but got your attention, didn’t I?”

“What are your needs, folks? I came up with a partnership agreement.”

Resources

John Aceti’s author’s page on Amazon

Categories
Pawtastic Friends - The Paw Talk

Pawtastic Friends – The Paw Talk – Mia, Gotti & Buddy

Welcome to the newest addition to the network, Pawtastic Friends-The Paw Talk. In this podcast, host Tom Fox will visit with Michael and Melissa Novelli, co-founders of Pawtastic Friends as well as those who work with them at Pawtastic Friends. Michael and Melissa are dedicated to helping shelter and rescue dogs in the Las Vegas area become more adaptable, through enrichment training and activities such as yoga and aquatics training, as well as obedience and agility. This podcast is sure to tug on your heart strings, just listen to how sweet this one dog is! Tune in now to hear more from Michael and Melissa Novelli as they discuss their passion for helping pups in need.

Tom Fox is back with Michael Novelli and Melissa Novelli from Pawtastic Friends as they discuss their inspiring work with rescue dogs. Discover how even fearful dogs, like Mia, can be rehabilitated with patience and care. Hear the heartwarming story of Gotti and Me rescue dogs who found loving homes after being given a second chance. Lastly, don’t miss the story of Buddy, a sweet pup who was rescued from a cruel situation and desperately needed a foster family. Tune in to The Paw Talk for all this and more, and be reminded that rescue dogs are not broken – they just need a little love and a lot of care.

Dogs Featured 

·      Mia

·      Gotti

·      Buddy

Quotes

“These dogs aren’t broken. They just need another chance because where they were living before, unfortunately, it didn’t work out for them.”

“He was rescued from a cruelty case. And somebody else took him, and he wasn’t being taken care of.”

“I just fell in love with him. He was a little brindle pity, kind of scared of people.

“He’s an older guy. He’s a distinguished gentleman. Super sweet.”

Resources

Pawtastic Friends

Categories
Life with GDPR

Life with GDPR-$1 Billion Fine: Meta’s GDPR Violation

Tom Fox and Jonathan Armstrong, renowned experts in cyber security, co-host the award-winning Life with GDPR. In this episode, they discuss the recent billion-dollar fine imposed on Meta (formerly Facebook) for violating data protection laws. They break down the significance of this ruling, which limits standard contractual clauses and requires due diligence checks when transferring data from the EU to the US. Discover the consequences and potential appeal arguments of the European Court of Justice’s ruling on data privacy. They delve into the challenges of harmonizing data protection authorities in the EU and how this affects corporations. Find out why the lack of consistency among regulators cannot be fixed overnight. Take advantage of the engaging and informative discussion that can help organizations navigate the complex landscape of GDPR and data privacy. Tune in to “Life with GDPR” now!

 Key Takeaways:

·      Facebook fined $1 billion for data transfer

·      Meta’s GDPR Noncompliance and Data Transfer Suspension

·      Irish Data Protection decision overruled by EDPB

·      Challenging GDPR court order in Ireland

·      Data Transfer from EU to US: Safe or Unsafe?

·      GDPR differences in privacy enforcement

 Resources

For more information on the issues raised in this podcast, check out the Cordery Compliance, News Section. For more information on Cordery Compliance, go their website here. Also check out the GDPR Navigator, one of the top resources for GDPR Compliance by clicking here.

Connect with Tom Fox

●      LinkedIn

Connect with Jonathan Armstrong

●      Twitter

●      LinkedIn

Categories
31 Days to More Effective Compliance Programs

One Month to a More Effective Compliance Program with Boards – Compliance Expertise on the Board

Every Board of Directors needs a true compliance expert sitting at the table. Almost every Board has a former CFO, former head of Internal Audit, or persons with a similar background, and often these are also the Audit Committee members of the Board. Such a background brings a level of sophistication, training, and SME that can help all companies with their financial reporting and other finance-based issues. So why is there, not such compliance SME at the Board level?

This requirement was set out in 2017 in the FCPA Corporate Enforcement Policy, where one of the criteria to be evaluated in a compliance program is “the availability of compliance expertise to the board.” Finally, the 2020 Update to the Evaluation of Corporate Compliance Programs, under the section entitled Oversight, posed the following questions What compliance expertise has been available on the Board of Directors?

The DOJ and Securities and Exchange Commission introduced this concept to the FCPA Resource Guide, 2nd edition. It means that when your company is evaluated by the DOJ, under the factors set out in the 2020 Update and the FCPA Corporate Enforcement Policy, to retrospectively determine if your company had a best practices compliance program in place at the time of any violation, you need to have not only the structure of the Board-level Compliance Committee but also the specific SME on the Board and on that committee.

Three key takeaways:

  1. Boards must have compliance expertise.
  2. Government regulators and shareholder groups have both called for greater compliance expertise on the Board.
  3. Compliance expertise at the Board works up and down as such expertise can be a resource to both the CCO and Compliance Department.

For more information check out The Compliance Handbook, 3rd edition, available from LexisNexis here.